WVC 11 - 13 U- 8
§11-13U-8. Tax credit review and accountability.
(a) Beginning on the first day of February, two thousand six,
and on the first day of February every third year thereafter, the
tax commissioner shall submit to the governor, the president of the
Senate and the speaker of the House of Delegates a tax credit
review and accountability report evaluating the cost effectiveness
of the tax credit allowed under this article during the most recent
three-year period for which information is available: Provided,
That the requirement to file the credit review and accountability
report terminates the thirtieth day of June, two thousand eleven,
unless the termination of entitlement to the tax credit as stated
in section ten of this article terminates. The criteria to be
evaluated includes, but is not limited to, for each year of the
three-year period:

(1) The numbers of eligible taxpayers claiming the tax credit;

(2) The net number, type, and duration of new jobs created by
all qualified research and development companies in which taxpayers
claiming the credit made investment in and the wages and benefits
paid by such companies;

(3) The cost of the tax credit;

(4) The cost of the tax credit per new job created; and

(5) Comparison of employment trends for the industry and for
taxpayers within the industry that claim the tax credit.

(b) Eligible taxpayers claiming the tax credit shall provide
any information required by the tax commissioner for the purpose of preparing the report: Provided, That such information shall be
subject to the confidentiality and disclosure provisions of
sections five-d and five-s, article ten of this chapter.

Note: WV Code updated with legislation passed through the 2014 1st Special Session
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